[Bitcoin miners are facing selling pressure. Is Bitcoin price about to fall back below $50,000? 】Bitcoin prices have risen 25% since the launch of a Bitcoin spot ETF in the United States and massive accumulation of Bitcoin by large whales. As Bitcoin supply declines and mining difficulty rises, increasing block sizes may increase miner selling pressure.The fear and greed index in the crypto market reached "extreme greed" 76, indicating that there may be selling pressure ahead.According to CryptoQuant analysis, Bitcoin block size has increased by about 40-50%, reflecting the increase in Bitcoin transaction volume and intensified mining competition. The mining difficulty has reached 81.73T, and the computing power has doubled to 577 EH/s within a year.Rising block sizes and mining difficulty, coupled with rising Bitcoin prices, may prompt miners to sell their Bitcoins. The Bitcoin Miner Position Index (MPI) shows increasing selling pressure.Following the launch of the spot Bitcoin ETF, miner reserves fell to a three-year low and exchange reserves came close to falling below 2 million BTC. Spot Bitcoin ETFs saw net inflows of $323.9 million on Friday, bringing total inflows to nearly $5 billion.Bitcoin is currently trading slightly lower at $51,640, with a 30% drop in 24-hour trading volume, indicating a decline in trading interest. Analysts predict prices may fall further.
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